Question 1 of 4 -/1 E View Policies Current Attempt in Progress Marigold Company is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were $3,420,000 on March 1, $2,280,000 on June 1, and $5,700,000 on December 31. Marigold Company borrowed $1,900,000 on March 1 on a 5-year, 10% note to help finance construction of the building. In addition, the company had outstanding all year a 12%, 5-year, $3,800,000 note payable and an 11%, 4-year, $6,650,000 note payable. Compute avoidable interest for Marigold Company. Use the weighted average interest rate for interest capitalization purposes. (Round "Weighted average interest rate" to 4 decimal places, eg. 0.2152 and final answer to O decimal places, eg. 5,275.) Avoidable interest $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Assignments 0/1.25 Question 2 of 4 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. Skysong Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. April 1 inventory April 15 purchase April 23 purchase Units 270 410 320 Unit Cost $16 19 21 Total Cost $ 4,320 7,790 6,720 $18,830 1,000 Compute the April 30 inventory, and the April cost of goods sold using the FIFO method. Ending inventory -6,790 Cost of goods sold $ - 12,040 e Textbook and Media Save for Later Attempts: 2 of 3 used Submit Answer Question 3 of 4 0/1.25 E View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. Waterway Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available Total Cost April 1 inventory April 15 purchase April 23 purchase Units 260 360 380 1,000 Unit Cost $29 35 38 $ 7.540 12,600 14.440 $34,580 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory $ 20390 Cost of goods sold $ 14190 e Textbook and Media Save for Later Attempts: 1 of 3 used Submit Answer 071.25 !! Question 4 of 4 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. In your audit of Charles Wilson Company, you find that a physical inventory on December 31, 2020, showed merchandise with a cost of $422,220 was on hand at that date. You also discover the following items were all excluded from the $422,220. 1. 2. 3. Merchandise of $56,330 which is held by Wilson on consignment. The consignor is the Max Suzuki Company, Merchandise costing $40,510 which was shipped by Wilson f.o.b.destination to a customer on December 31, 2020. The customer was expected to receive the merchandise on January 6, 2021. Merchandise costing $47,790 which was shipped by Wilson f.o.b. shipping point to a customer on December 29, 2020. The customer was scheduled to receive the merchandise on January 2, 2021. Merchandise costing $88,540 shipped by a vendor fo.b.destination on December 30, 2020, and received by Wilson on January 4, 2021 Merchandise costing $50,150 shipped by a vendor fob, shipping point on December 31, 2020, and received by Wilson on January 5, 2021 5. Based on the above information, calculate the amount that should appear on Wilson's balance sheet at December 31, 2020, for inventory Inventory as on December 31, 2020 $ 4,56,550 e Texthonk and Media